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dubbed the millionaire's tax by brown. telling voters he cut the school year by three weeks unless they pass the tax. 90% of the revenue of the $6 billion per year comes from those tax on the wealthy who claim they don't pay their fair share. they pay upwards of 70% of the state income tax representing 3% of the state population. cheryl: it is retroactive, so now those that will be tax in california is for this year, so now they have to all scramble with their accountants to figure out what they can buy and sell. i am sorry, but you really want to give $50 billion bailout to the state legislature of california who have already spent way too much. >> will it hurt the state? only so people can move. people have said maybe they go to nevada or not. that may hold true for people in capital gains, but they will not go anywhere. the franchise will go back to them. $77,000 per year, by the way in new taxes for millionaires. cheryl: a fascinating story. governor brown did a victory lap. thank you. dennis: stocks are in a tailspin.
dubbed the millionaire's tax by brown. telling voters he cut the school year by three weeks unless they pass the tax. 90% of the revenue of the $6 billion per year comes from those tax on the wealthy who claim they don't pay their fair share. they pay upwards of 70% of the state income tax representing 3% of the state population. cheryl: it is retroactive, so now those that will be tax in california is for this year, so now they have to all scramble with their accountants to figure out what...
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Nov 27, 2012
11/12
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ashley: patti ann browne, thank you very much. we have another deal to announce to for greece's next debt payment. the euro touched on 1.30 earlier today. for more on all of this, i'm joined by marc chandler, global head of currency strategy at brown brothers harriman. mark, thank you for being here. we thought the euro may get a boost with the latest news that greece is getting next round of help assuming the parliaments in question agree but the only very briefly touched on the 1.30 and dropped back again. where do you see the euro going? >> ironic in many ways the market, we often buy the rumor and sell the fact. we bought the rumor of a greek deal three or four times already. turn around tuesday, you get a little bit of profit-taking. everything said and done euro holding above 1.2930 and some change. i think it is fairly resilient. try to push again above 1.30. people are changing the focus. know they kicked the can down the road a little more about greece now now we focus on the u.s. and fiscal cliff. despite recent republic
ashley: patti ann browne, thank you very much. we have another deal to announce to for greece's next debt payment. the euro touched on 1.30 earlier today. for more on all of this, i'm joined by marc chandler, global head of currency strategy at brown brothers harriman. mark, thank you for being here. we thought the euro may get a boost with the latest news that greece is getting next round of help assuming the parliaments in question agree but the only very briefly touched on the 1.30 and...
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jerry brown has ordered an early switch to winter blend fuel. we are an late with the very latest. >> gas prices just in the last week have gone up $0.56. california culture not doing so well because of these gas prices. i will step away so you can take a look at this gas station completely empty. $4.99 for a gallon of gas. down the street, it is $5.29. if you find a station at the $4.67 set range, i suggest that you stop and get it. there are a lot of people upset here. one can't demand. two, telephone it does have stricter demand. three, a number of refineries have gone down to make that task. you cannot import it outside of the state. >> $10 in gas will not even give me a quarter of a tank. it is really out of control. >> i write my bike to work due to the increase of gas prices. they have been increasing and i cannot afford it. standard well allow gas to come down a little bit. back to you in new york. lori: thank you so much. melissa: the refinery problems are keeping a lid on oil prices. down 9% last week. phil flynn is in the trading pits
jerry brown has ordered an early switch to winter blend fuel. we are an late with the very latest. >> gas prices just in the last week have gone up $0.56. california culture not doing so well because of these gas prices. i will step away so you can take a look at this gas station completely empty. $4.99 for a gallon of gas. down the street, it is $5.29. if you find a station at the $4.67 set range, i suggest that you stop and get it. there are a lot of people upset here. one can't demand....
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david brown the president of thomson reuters ip solution. a lot of u.s. companies, a lot of south korean companies, one country surprisingly missing. >> that is correct. china, actually is missing from the list this year. realistically, part of the index that we created to identify the most prolific indicators in the world is based on a proprietary methodology that, in essence, also rewards global friday. if you have an innovation that has value, then it should be covered throughout the world. chinese innovators do not tend to file outside of the country. tracy: that is what it is. they are keeping it all to themselves. we have been talking about that apple, samsung patent war lately. it has to be the people, too, right? >> sure. from an innovation standpoint, there are lots of ways to innovate. we felt we could use intellectual property information and financial data to correlate who is successfully innovating and what result is coming from a. we are focused on the tangible income. tracy: a lot of american companies all made the list for the first time t
david brown the president of thomson reuters ip solution. a lot of u.s. companies, a lot of south korean companies, one country surprisingly missing. >> that is correct. china, actually is missing from the list this year. realistically, part of the index that we created to identify the most prolific indicators in the world is based on a proprietary methodology that, in essence, also rewards global friday. if you have an innovation that has value, then it should be covered throughout the...
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he was elected 2010 to succeed ted kennedy but this is a tough fight for brown. 62% obama 2008. republicans hope to keep it but the democrats who the high turnout will put elizabeth warren back into the senate. tracy: would not expect you to say that. the connecticut race is so ugly for you look cool peter barnes. fox has extensive coverage stuart varney, lou dobbs and neil cavuto guide the user all of the returns. kick it off here. >> a a well shares hit teeing 52 week high with solid earnings reports will be joined with the ceo next and look at interest-rate spreads out moving higher. treasurys are selling off anticipating the met romney victory. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information,
he was elected 2010 to succeed ted kennedy but this is a tough fight for brown. 62% obama 2008. republicans hope to keep it but the democrats who the high turnout will put elizabeth warren back into the senate. tracy: would not expect you to say that. the connecticut race is so ugly for you look cool peter barnes. fox has extensive coverage stuart varney, lou dobbs and neil cavuto guide the user all of the returns. kick it off here. >> a a well shares hit teeing 52 week high with solid...
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Oct 25, 2012
10/12
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we don't get it under control we will be joined by greg brown who was one of them. the deficit manifesto they call the letter and joins us exclusively in moments as pressure mounts on congress. melissa: could be an industry be the solution to american joblessness. we have american petroleum institute ceo jack girard joining us on a surprising impact unconventional oil and gas production has had on the american economy. lori: a double whammy of exclusive interviews at the top of the show. don't go anywhere. look at that monster. hurricane sandy and exploding in strength overnight. the northeast on guard for what is turning out to be the perfect storm. we have the latest on the storm's have just had. melissa: let's head to the floor of the stock exchange. nicole petallides is standing by. nicole: we had a little back and forth movement. to the downside short time ago and back in the green for the dow jones industrials. we haven't been there for some time over the last couple hours. interesting to see us getting a little pop here the dollar strong ran the vix tire and
we don't get it under control we will be joined by greg brown who was one of them. the deficit manifesto they call the letter and joins us exclusively in moments as pressure mounts on congress. melissa: could be an industry be the solution to american joblessness. we have american petroleum institute ceo jack girard joining us on a surprising impact unconventional oil and gas production has had on the american economy. lori: a double whammy of exclusive interviews at the top of the show. don't...
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close to the lakers front office is saying head coach, they will give him the boot, talking about mike brown. this is happening after the disappointing 1-4 start to the season. no word yet who will take over but the insider indicates the team will tap one of its assistant coaches on an interim basis. it is all i have for you on that one. when i have more i will give it to. >> that is good story, arthel neville. that is nice change of pace. thank you. ashley: breaking news. we got word president obama will coming here to new york on thursday to view recovery efforts after superstorm sandy. he is sure to get an earful. it has been 11 days since the hurricane hit the nor east. yet, hours ago, new york city and long island began enforcing gas rationing in response to the ongoing crisis and it is ongoing. adam shapiro is at a hess gas station in midtown manhattan with more on this story. adam. >> that's right. here in the man at tan the wait is anywhere 30 to 40 minutes. the line from this hess station stretches from 45th street to the 38th, 37th. on long island the wait is about an hour. the pro
close to the lakers front office is saying head coach, they will give him the boot, talking about mike brown. this is happening after the disappointing 1-4 start to the season. no word yet who will take over but the insider indicates the team will tap one of its assistant coaches on an interim basis. it is all i have for you on that one. when i have more i will give it to. >> that is good story, arthel neville. that is nice change of pace. thank you. ashley: breaking news. we got word...
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Sep 20, 2012
09/12
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>> chocolate brown. what color for yourself? >> pink, pink. >> oh, that's pain. >> no. >> all right, my dear, we'll check back with you in a few. a market update every 15 minutes, going to the floor, and nicole, the birthday girl. >> thank you very much. i own cowboy boots myself. the dow, best of the bunch, down one tenth of 1%. the nasdaq down a half percent down 15 points here. a dollar higher, phillie fed number, that was better helping things along, but the weekly jobless claims and revisions of the prior week weighed on things that it is worrisome. bank of america cutting 16,000, yea, 16,000 by the end of the year beating up the cost cutting plan, and so let's look at the other financials as well. this is ubs cutting, morgan stanley, citi group, and sachs. turns out the names are up roughly 30% since late july saying the banks run up fast enough and it is a good time to jump out. neutral from the buy. thank you. >> thank you,ny call. trying to snap a losing streak, prices down 7% this week alone. phil flynn of price future
>> chocolate brown. what color for yourself? >> pink, pink. >> oh, that's pain. >> no. >> all right, my dear, we'll check back with you in a few. a market update every 15 minutes, going to the floor, and nicole, the birthday girl. >> thank you very much. i own cowboy boots myself. the dow, best of the bunch, down one tenth of 1%. the nasdaq down a half percent down 15 points here. a dollar higher, phillie fed number, that was better helping things along, but...
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brown foreman and carnival, also moody's saying look it, we're giving you a credit negative warning. you're borrowing money to pay out these special dividends. melissa: crazy. >> sounds like a great idea because of tax hikes are coming on dividends. the issue, a lot of companies have insiders who own a lot of shares in the company. look at costco. the ceo there is saving about, i think billion $4 million. he will get $14 million personally in dividends, accelerated into this year in advance of the gas hike. the issue with this gentleman, he has been out there, saying americans have to pay their fair share. all about tax fairness. banging the drum about that. board members are banging the drum. charlie monger is on the board of costco saying i'm for a vat. bill gates's father is for raising estate taxes. the father sits on the board of costco. the thing is, 1% shouldn't be clamoring about tax hikes when they're getting special dividends accelerated into this year. melissa: they're gaming it. >> that's right. the other issue writing yourself a special dividend check before taxes go up.
brown foreman and carnival, also moody's saying look it, we're giving you a credit negative warning. you're borrowing money to pay out these special dividends. melissa: crazy. >> sounds like a great idea because of tax hikes are coming on dividends. the issue, a lot of companies have insiders who own a lot of shares in the company. look at costco. the ceo there is saving about, i think billion $4 million. he will get $14 million personally in dividends, accelerated into this year in...
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the pentagon saying the unmanned unarmed brown was conducting surveillance of maritime strength in the air and the drone was not hit but did come under fire and they say was an international air space at the time this happened. those are the latest details we have. better gobble up the thanksgiving dinner quick because black friday coming early this year. walmart announcing it will kick off its holiday sales rush at 8:00 p.m. thanksgiving day, the earliest start ever. the world's largest retailer by ahead of the holiday? sandra smith has today's -- sandra: not liking this. tracy: just when i'm down. [talking over each other] >> open the doors at 8:00 and i thought you might fancy this. here is walmart's website showing you one our stock in stock guarantee. they are opening their doors at 8:00 but from 10:00 to 11:00 the guaranteed three items, and ipad 2 for $3.99. for $148 a 32 inch lcd emerson tv and a $38 bluray player. there are reasons to get people through the door. they always do. [talking over each other] >> buy walmart stock, putting your portfolio ahead of this holiday and do
the pentagon saying the unmanned unarmed brown was conducting surveillance of maritime strength in the air and the drone was not hit but did come under fire and they say was an international air space at the time this happened. those are the latest details we have. better gobble up the thanksgiving dinner quick because black friday coming early this year. walmart announcing it will kick off its holiday sales rush at 8:00 p.m. thanksgiving day, the earliest start ever. the world's largest...
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Dec 20, 2012
12/12
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you think of ups as guys in a brown trucks but your trek has legs. >> 2,000 vehicles overall, 230 aircraft over 500 aircraft in the facilities, we connect all over the world whether by ocean or train or package car or flight, a total long-distance provider. >> that is what people don't realize. this is a corporation with $53 billion in revenue, can shift five million packages. >> we go to operation all the time. as you mentioned twenty-eight million packages, tomorrow night or friday morning, six million packages. we are 24/7. >> merry christmas and happy flying. back to you, tracy. chocolate written on it, my producer grabbed it. tracy: adam shapiro, thank you very much. ashley: a lot of room. it is a quarter till, just have time for stocks, let's head to nicole petallides on the stock exchange. a couple drug companies making moves today. nicole: that is right. let's look at merck, dow component merck, there is an obesity drug that will be covered by express' script. one reason people say they weren't purchasing the drug was it was expensive. with this coverage, the largest pharmacy manag
you think of ups as guys in a brown trucks but your trek has legs. >> 2,000 vehicles overall, 230 aircraft over 500 aircraft in the facilities, we connect all over the world whether by ocean or train or package car or flight, a total long-distance provider. >> that is what people don't realize. this is a corporation with $53 billion in revenue, can shift five million packages. >> we go to operation all the time. as you mentioned twenty-eight million packages, tomorrow night or...
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Oct 31, 2012
10/12
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hash browns or home fries? home fries. do you like my dress? why can't you guys ask good questions like this? [ morgan ] for a chance to interview an nfl player and more, join visa nfl fan offers and make your season epic. dagen: officials in the energy business and the government trying to assess all the damage done by hurricane sandy on refineries. the entire infrastructure that deliver oil and gas to businesses and individuals. joining us with his take is john hofmeister, former president of shell oil. do you have any sense how quickly these refineries will restart with 70% of refining capacity in this part of the country shutdown? >> ended the best of circumstances once you shutdown it takes between five and ten days to get up and running. unless you find damage. if you have been flooded chances are you could have similar optical damage if your electricals were on the ground level so we don't know yet. i keep reading everything i can read to see what is being reported that something else to worry about our, our the porks damage? the northea
hash browns or home fries? home fries. do you like my dress? why can't you guys ask good questions like this? [ morgan ] for a chance to interview an nfl player and more, join visa nfl fan offers and make your season epic. dagen: officials in the energy business and the government trying to assess all the damage done by hurricane sandy on refineries. the entire infrastructure that deliver oil and gas to businesses and individuals. joining us with his take is john hofmeister, former president of...
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Oct 12, 2012
10/12
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eye 280
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hash browns or home fries? home fries. do you like my dress? why can't you guys ask good questions like this? [ organ ] for a chance to interview an nfl player... join visa nfl fan offers and make your season epic. [ organ ] for a chance to interview an nfl player... those surprising little still make you te notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not te cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood essure. do not dnk alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, s
hash browns or home fries? home fries. do you like my dress? why can't you guys ask good questions like this? [ organ ] for a chance to interview an nfl player... join visa nfl fan offers and make your season epic. [ organ ] for a chance to interview an nfl player... those surprising little still make you te notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be...